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Revel Hotel in Atlantic City Might Be Closing But Rooms Are Sold-Out This Weekend

June 20, 2014 at 3:19 PM | by | Comments (6)

Whoa. The Revel Resort in Atlantic City, home to an expensive taco truck, sent out a letter to employees recently saying that if the resort couldn't find a buyer before August 18, it would close down. Did you catch that? REVEL COULD CLOSE.

But it's not surprising. Revel has had drama from the start when its groundbreaking coincided with the global financial collapse of 2008. After finally receiving the funds to finish the construction job, the resort was open, and losing money, for just six months before Hurricane Sandy walloped the Jersey Shore. Then in early February, Revel filed for bankruptcy. But despite picking up new owners and having a ton of debt removed, the resort is still struggling.

Now, Revel is asking interested buyers for about $300 million. But we're not so sure there are many folks out there who want to buy a resort that's losing even more money than when it first opened. (Gothamist pointed out that Revel lost $130 million last year versus $110 in its first six months open.)

So, with all these money woes at Revel, perhaps room rates will be cheap? Think again.

The hotel is sold-out this weekend and most other weekends this summer range from $499 to $599 a night. During the week, however, is your best bet with rooms being offered for just $159 a night. But we actually couldn't find the advertised $109 rate anywhere. Hmpf.

[Photos: HotelChatter]

Comments (6)

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Why so expensive?

$500-600 a night, is this Atlantic City we are talking about or NYC or Paris. Sad to see people lose jobs but seriously Revel is not the only option in that town.

Common on weekends

That rate is actually common for AC on summer weekends. Caesars has similar rates and is not as good-looking as Revel. But has a better location in a more central part of the Boardwalk.

Rates are normal

As Juliana said already, these rates are really common in AC during a summer weekend, and for that rate you'll get a very nice room in the Revel. You can also pay $650 for a run-down motel room off the Boardwalk! If some big shot is in town, like Beyonce or the likes, every flea bag motel will have rates around that amount!

Midweek there are good rates available. Sign up (free) for a card and get even better offers than the public!


Hotel Chatter was also keeping people away

After hurricane Sandy, which HAD NOT DAMAGED THE CASINOS in AC at all (I saw one broken window in a Borg storage room, that was all!), the media was presenting a false story to the public about Atlantic City's destruction.

There was a picture of a destroyed Boardwalk shown, and Hotel Chatter had that also as the center of their false reports. People who know AC knew that this destroyed section was in front of the Flagship (Timeshare building) and was nowhere near where tourists would go to.

That piece of Boardwalk had been destroyed long before Sandy, it had been neglected like so many non-touristic areas there, and so Sandy took just the last hit. But "The Boardwalk" that tourists would walk on between Margate and the Revel has never been damaged.

I tried to contact that liar who posted the false destruction report here on Hotel Chatter, but my comments were ignored and my email was returned as undeliverable.

People like you have taken part in keeping people away, and now you have yet another story to fill your pages with. I bet you are gleaming there.

I am sad, as Revel is my Happy Place in AC. I am a very low roller, I play my bus money I get from my bus ticket plus maybe the same amount in cash, that's it. I get some comp rooms off season, and the other times I get great rates.


Revel Seems to do OK except for the Gambling

We were in Atlantic City last Sunday.  We stopped at the Revel.  There was hardly anyone gambling compared to other casinos yet most of the restaurants were doing a reasonably good business.  We had dinner at American Cut.  Heading back to the car through the casino, there were still relatively few gamblers.  The hotel is probably too big to support itself as a non-gambling hotel.  With the Hilton (for a while the Atlantic Club before closing) gone and Showboat just announcing its closure before Labor Day weekend, maybe the old writing is on the wall for the Revel.  With Showboat gone, it really will be a long "stroll" on the boardwalk just to go to the Revel.  It's the only reason to walk that far north.

Revel Seems to do OK except for the Gambling

We were in Atlantic City last Sunday.  We stopped at the Revel.  There was hardly anyone gambling compared to other casinos yet most of the restaurants were doing a reasonably good business.  We had dinner at American Cut.  Heading back to the car through the casino, there were still relatively few gamblers.  The hotel is probably too big to support itself as a non-gambling hotel.  With the Hilton (for a while the Atlantic Club before closing) gone and Showboat just announcing its closure before Labor Day weekend, maybe the old writing is on the wall for the Revel.  With Showboat gone, it really will be a long "stroll" on the boardwalk just to go to the Revel.  It's the only reason to walk that far north.

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